Which direct lenders are still funding?
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Which direct lenders are still funding?
GetBackd is still funding.
Nathaniel Paez
(512) 412-5714
Nathaniel@getbackd.com
Getbackdoored. No thx
Advantage Capital Funding is, and has been, funding through the pandemic. Reach out for iso agreement or guidelines.
izzy@advantagecapitalfunding.com
We are still funding. Reach out for an ISO agreement and copy of our guidelines.
Fox Business Funding has been funding again for a few weeks. Starting next week we will ease our restrictions, reach out if you are not already signed up.
Lending Valley, Inc is funding!
From $1,500.00 to $150,000.00
1st - 3rd position.
Buy starts at a 1.25
Daily and weekly options available.
10pt commission + Volume bonus + NYC Bonus + Monthly bonus (ontop of the 10pt commission)
Feel free to reach out!
Brian w 24 capital is still funding and has been during covid. Yes we were conservative at first and still are monitoring heavy, however we never stopped.Paying on renewals unlike the horrors read on here in this trying time. I for my Iso's closed 1.1m this month. A few have given me shout outs on here and much appreciated. Please reach out for an iso agreement and details
brian@24capital.com
MCG continues to fund. Happy to discuss any deals.
too general a question...half these MFers out here will say they are still funding.
You need to ask "who is funding and what are the new criteria and restrictions"? Because 3/4 of these guys who SAY they are funding, all of a sudden think they are TD Bank and want to UW and decline as such
also will say we are funding decline everything and use this as a data grab. Wait 60-90 days depending on that their iso agreement says then call the deal themselves. This is not the time to be looking for new funders. You should be strengthening your existing relationships. You will fund more and stay protected.
Well.... We are publicly traded company with total assets somewhere around $7Bil. We are providing ABL facilities and factoring facilities for new clients. We have been funding current clients during the crisis. Kudos to us.... 100% of our factoring and ABL clients applied and received PPP from our bank through our division. Advantage Seacoast........
What makes you say that?
Any deal funded in any of the 5 borroughs of NYC gets you 1pt bonus on that file. This is our lifetime bonus.
Good people everywhere, 24 Capital is open and funding deals same day, paying 10 points to new ISOs.
Submit an ISO agreement request to deals@24capital.com
Minimum Requirements
FICO: 550+
Min. Monthly Gross Deposits: $35,000
Time in Business: 1 Year
Trucking Requirements: 7+ Trucks / $75,000 Gross Revenue / AR Report
Construction: $75,000 AR Report
Max Funding Amount: $1M
Max Term: 10 Months
Repayment Options: Daily and Weekly Options Available
Restricted Industries
Auto Sales
Non Profit
Cannabis
Lawyers
RDM Capital is up and running. Under our current guidelines, we are funding clean 2nd and 3rd position deals with buy rates starting at 1.30, terms up to 9 months, and paying up to 12 points. Feel free to reach out for more info
We never stopped. Credit Card Splits only.
LoanMe is lending!
I've noted some temporary guidelines regarding states and SIC codes below. While we are performing extra diligence on files and have some additional layers to our underwriting process, LoanMe is absolutely lending.
Feel free to reach out via the info in my signature if you'd like to discuss an ISO partnership.
States List: 28 states (we will not be funding LA and NJ at this time)
States we will be considering= AL, AZ, CA, DC, DE, HI, ID, IL, IN, IA, KS, KY, ME, MD, MS, MO, NE, NH, NM, NC, OH, OR, SC, UT, VA, WA, WI, WY
Industries LoanMe will take a look at:
SIC Description SIC Description Agriculture, Forestry, Fishing Transportation and Public Utilities 01xx Agricultural Production Crops 40xx Railroad Transportation (commercial) 02xx Agriculture production livestock and animal specialties 42xx Trucking and Warehousing 074x Veterinary Services 44xx Water Transportation (Freight); Excludes 448x-Water transportation of Passengers 078x Landscape And Horticultural Services 49xx Electric, Gas and Sanitary Services 07xx Agricultural Services 091x Commercial Fishing Wholesale Trade 50xx Wholesale Trade-Durable Goods; Excluding 501x Motor Vehicles and MV parts/supplies AND 502x Furniture and Home furnishings Construction 51xx Wholesale Trade- Nondurable Goods; Excluding 513x Apparel, piece goods and notions 15xx Building Construction General Contractors And Operative Builders 16xx Heavy Construction other than Building Construction Contractors Retail Trade 17xx Construction Special Trade Contractors 52xx Building Materials, Hardware, Garden Supplies 54xx Food Stores Manufacturing 553x Auto and Home Supply Stores 20xx Food and Kindred Products 591x Drug Stores And Proprietary Stores 21xx Tobacco Products 592x Liquor Stores 24xx Lumber and Wood Products 26xx Paper and Allied Products Finance, Insurance, Real Estate 27xx Printing, Publishing and Allied Industries 64xx Insurance Agents, Brokers, And Service 28xx Chemicals and Allied Products 29xx Petroleum and Coal Products Services 30xx Rubber and Misc. Plastics Products 721x Laundry, Cleaning, And Garment Services 32xx Stone, Clay and Glass Products 726x Funeral Service And Crematories 33xx Primary Metal Industries 7291 Tax Return Preparation Services 34xx Fabricated Metal Products 7342 Disinfecting and Pest Control Services 35xx Industrial And Commercial Machinery And Computer Equipment 737x Computer Programming, Data Processing, And Other Computer Related Services 36xx Electronic And Other Electrical Equipment And Components, Except Computer Equipment 7381 Detective, Guard, and Armored Car Services 37xx Transportation Equipment 7382 Security Systems Services 38xx Measuring, Analyzing, And Controlling Instruments; Photographic, Medical And Optical Goods; Watches And Clocks 80xx Health Services 39xx Miscellaneous Manufacturing Industries 81xx Legal Services 871x Engineering, Architectural, And Surveying 872x Accounting, Auditing, and Bookkeeping Services *Bold Text Denotes Categories- Only businesses listed below these categories will be allowed. 873x Research, Development, And Testing Services
We are FUNDING 1st-3rd position deals and have not stopped funding through the pandemic. Reach out for aggressive and competitive rates, we will not disappoint.
IRM Capital is back up and funding!
We fund 2nd position and on.
We pay up to 12 points on a deal.
Our turn around time is extremely quick.
We are very flexible when it comes to beating out other offers.
I would be lying if I said funding is back to normal like pre Covid times.
Premier Capital Funding got back to funding!
We do 2 and 3rd positions B and C papers and consolidation if the merchant is on time with his payment to current lenders with no reduction.
Fico 500+ and monthly 15K+, with steady income during the past 6 months, no more then 5 nsfs.
Apply to be our ISO partner at iso@premierecapitalfunding.com
Bridge Funding is back to funding after everything has happened in New York, if you would like to sign up contact Mark@bridgefundingcap.com
A-D paper
1-6 positions
previous defaults
6 months in business
25k min rev
no restrictions on industries
hopefully www.bridgefundingcap.com isn't the website, because all i get is a 404 error.